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12 Feb 2018 | 07:35 UTC — Singapore
S&P Global Platts proposes to change the cargo sizes of some of its East Of Suez Suezmax tanker assessments, effective April 2, 2018.
Platts has observed that crude suppliers in the Persian Gulf are extensively offering cargoes in parcels of 140,000 mt for west-bound voyages.
According to market feedback, liquidity for the 140,000 mt crude stem size has grown, with charterers preferring to move larger parcels to maximize freight returns.
As a result, Platts proposes to amend the cargo size reflected in three East of Suez Suezmax tanker assessments from 130,000 mt to 140,000 mt.
The affected Suezmax routes are:
* Persian Gulf to US Gulf Coast * Persian Gulf to UK Continent * Persian Gulf to Mediterranean
Please send any feedback or questions by February 28, 2018 to shipping@spglobal.com and pricegroup@spglobal.com.
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.
Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.